[Code of Federal Regulations]

[Title 20, Volume 1]

[Revised as of April 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 20CFR225.55]



[Page 453]

 

                      TITLE 20--EMPLOYEES' BENEFITS

 

                  CHAPTER II--RAILROAD RETIREMENT BOARD

 

PART 225_PRIMARY INSURANCE AMOUNT DETERMINATIONS--Table of Contents

 

                       Subpart F_Recomputing PIA's

 

Sec.  225.55  Recomputation to use a new or different PIA formula.



    (a) Description--(1) New computation formula. If a new formula for 

computing or recomputing PIA's is enacted into law and the annuitant is 

eligible for the recomputation, the Board will recompute the PIA under 

the new formula.

    (2) Recomputation under different formula. In some cases, a PIA may 

be recomputed under a computation formula different from the formula 

used in the computation (or earlier recomputation) of the PIA. The 

annuitant must be eligible for a computation or recomputation under the 

different formula.

    (b) Effective date of recomputation--(1) New computation formula. A 

PIA recomputed under a newly enacted formula is effective with the month 

as directed in the legislation that establishes the new formula. The new 

PIA formula applies when it produces a PIA that is higher than the 

amount on which the existing annuity is based.

    (2) Different computation formula. A PIA recomputed under a 

different formula is effective with the first month that the different 

formula produces a PIA that is higher than the PIA on which the existing 

annuity is based.



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